Hero Price Hike: Hero Moto Corp has announced that it will increase the prices of selected models by 1 percent from October 3, 2023. The two-wheeler manufacturer has not informed about the exact price hike with the names of the models.
Hero Moto Corp Price Hike
The Company infomed that the latest price revision comes with regular review of products competitiveness, factoring inflation, margins and market share and product positioning. The brand has announced a price hike for the second time in the last three months. The new price hike comes exactly when the festive season is on the corner.
The new development is a result of constantly increasing prices of input costs backed by several factors. Hero is the largest two wheeler manufacturer of the country with having bikes ranging from 100cc to 210cc.The brand also sells electric scooters under a sub brand named Vida.
Hero Moto Corp Increased Sales In August 2023
In August 2023, the brand has witnessed the increasing sales with the sales of 472974 in the month, it also exported 15770 Units of its various offerings. In the second quarter, Hero Moto Corp made the profit of 825 Crore which is an increase of 32 percent when compared to the same quarter of the previous year.
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